Completion of £10m investment by BGF in RiverRidge Group

Carson McDowell was pleased to
advise the RiverRidge Group in relation to the £10m investment by Business
Growth Fund (“BGF”), the largest investment to date by BGF in Northern
Ireland.

Brett Ross, CEO of RiverRidge, said: "As a
company we have worked tremendously hard over the past five years to allow us
to become the market leader in Northern Ireland. It is therefore a significant
endorsement of this effort to be able to announce the investment by BGF into
our group. We are looking forward to further growing the RiverRidge Group
in the coming years and believe we have found partners, in both BGF and Bank of
Ireland, who not only are best placed to support this progression, but also
understand the strategy thoroughly."

The Carson McDowell team was
led by Gerard Armstrong, a partner in the firm’s Corporate Department, with
assistance from Stuart Anderson (Corporate), Naomi Gaston (Banking), Mary-Kim
Doherty (Property), Sarah Cochrane (Employment) and Grant McBurney (Waste and
Environmental).

Speaking about the investment,
Gerard Armstrong said: “The investment by BGF is a recognition of the
hard work put in by Brett and the RiverRidge team over the years and it marks
another important and exciting new chapter in the growth and development of
RiverRidge. Carson McDowell has been delighted to assist RiverRidge
throughout all stages of its journey and looks forward to working with
RiverRidge as that journey continues.”

On Carson McDowell’s role as advisors to
RiverRidge, Brett said: “The help and support of Gerard and his team over the
years and on this investment in particular has been extremely important to
us. Carson McDowell understands our business, our industry and how we
work. It also understands the importance of meeting challenging
timescales and leaves no stone unturned in ensuring that projects and
transactions are delivered on time.”